Saturday, December 1, 2012

Marc Faber December 2012 Market Commentary

Marc Faber has just released his December 2012 market commentary "Always try to be a little kinder than Necessary" on gloomboomdoom.com.

This month report explains that something is clearly not quite right with the economy, as the
recent performance of Wal-Mart, Tiffany, Genesco, and Kohl’s show. What concerns Marc Faber greatly is that most asset markets had outsized gains
since early 2009, excluding Vietnamese, Chinese,
Japanese, and European equities, as well as US housing. He believes that investors’ expectations about future returns are far too
optimistic, and that in a world that currently hardly grows, investors will need
to reduce their future return expectations. Therefore, 2013 will most probably not be a
good year for holders of assets, and he has now shifted to
the preservation of the outsized gains he has achieved over the last
3 years.

Marc Faber also wishes Merry Xmas to everybody and reminds his readers to try to be as nice and
kind to other people quoting Albert
Schweitzer: "Constant kindness can accomplish much. As the
sun makes ice melt, kindness causes misunderstanding, mistrust, and
hostility to evaporate."

I cannot find the attachment, but Gayed mentions it in a marketwatch.com articles, and explains bonds have now very little value, and the relative advantage of dividend yields over bonds yields, will be bullish for stocks.

If you want to access the full Monthly Market Commentary (MMC) by Marc Faber, it is available for 300 USD per year.